Select segments like two-wheelers and tractors will be key monitorable in the coming months, with the IMD predicting above-normal temperatures from April to June across most parts of India. Two-wheeler sales in FY23 fell to a seven-year low and tractors saw the slowest growth pace among all peers, reflecting inflation’s adverse impacts on rural India… Continue reading Auto sales point to distress in rural India even before El Nino arrives
Tag: Suzuki
Car and SUV sales accelerate to 3.88m units in FY2023, five OEMs clock best-ever fiscal figures
Car and SUV sales accelerate to 3.88m units in FY2023, five OEMs clock best-ever fiscal figures India Passenger Vehicle Inc has just gone and upped the sales bar for the industry. Three months after it clocked near-3.8 million units (37,92,356) in CY2022, FY2023’s 12-month domestic market sales are expected to surpass that by another 90,000-odd… Continue reading Car and SUV sales accelerate to 3.88m units in FY2023, five OEMs clock best-ever fiscal figures
All-terrain vehicle market size to grow by USD 1,660.92 million between 2022 and 2027; Growth driven by the growing use of ATVs in recreational, sports, and military applications – Technavio
NEW YORK, April 3, 2023 /PRNewswire/ — The all-terrain vehicle market size is forecast to increase by USD 1,660.92 million from 2022 to 2027, at a CAGR of 7.59%, according to the recent market study by Technavio. The growth of the market will be driven by the growing use of ATVs in recreational, sports, and military applications;… Continue reading All-terrain vehicle market size to grow by USD 1,660.92 million between 2022 and 2027; Growth driven by the growing use of ATVs in recreational, sports, and military applications – Technavio
CNG gains traction despite rising cost in the run for green mobility
The consumers are well aware, and they holistically look into multiple aspects such as the cost economics. By Yash Jhunjhunwala New Delhi: As the shift towards e-mobility is gaining traction, consumers have shown a growing interest in the CNG powertrain. The share of CNG powered vehicles has increased 118.66% in the four-wheeler category. Electric Battery-Operated… Continue reading CNG gains traction despite rising cost in the run for green mobility
Hyundai remains ahead of hard-charging Tata Motors in FY2023
The Indian passenger vehicle industry, which recorded robust 24% growth in CY2022 to clock record 3.8 million units, has also outdone itself in the just-ended fiscal year FY2023. Powering this growth are the Top 6 OEMs – Maruti Suzuki India, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Kia India and Toyota Kirloskar Motor. This,… Continue reading Hyundai remains ahead of hard-charging Tata Motors in FY2023
CNG models account for 32% of Maruti Suzuki’s 380,000 units order backlog
Maruti Suzuki India (MSIL), which has pending orders of 380,000 units as of end-March 2023, says CNG-equipped variants form 121,000 units or 32% of its total order backlog at the end of FY2023. The popular Ertiga MPV, offered with both petrol as well as CNG fuel options, is the one which accounts for the highest… Continue reading CNG models account for 32% of Maruti Suzuki’s 380,000 units order backlog
Indian passenger vehicle market posts 26.7% growth to 3.88 million units, market growth to slip to 5-7% in FY24
Indian passenger vehicle market posts 26.7% growth to 3.88 million units, market growth to slip to 5-7% in FY24 The Indian passenger vehicle (PV) market has ended an impressive financial year FY23 with annual sales of 3.89 million units, posting a year-on-year growth of 26.7 percent (FY22: 3.07 million) – the highest-ever annual growth in… Continue reading Indian passenger vehicle market posts 26.7% growth to 3.88 million units, market growth to slip to 5-7% in FY24
Maruti Suzuki sells 1.6m PVs in FY2023, UVs record 26% growth, grow share to 23%
Maruti Suzuki India, the country’s passenger vehicle market leader, has reported total sales of 16,06,870 units or 1.6 million units, which marks a 21% year-on-year increase (FY2022: 13,31,558). The company would have logged additional sales if it weren’t for production being intermittently disrupted during the fiscal due to supply chain issues specific to electronic components.… Continue reading Maruti Suzuki sells 1.6m PVs in FY2023, UVs record 26% growth, grow share to 23%
Japan edges closer toward issuing digital yen with plans for new panel
Japan is stepping up efforts toward issuing a digital yen with the creation of a government advisory panel and the launch of a pilot programme, joining a growing number of countries exploring a central bank digital currency (CBDC). The finance ministry will set up a panel of experts as early as April to discuss the… Continue reading Japan edges closer toward issuing digital yen with plans for new panel
Citroen India exports first batch of C3s to ASEAN and Africa
Four weeks after PAIPL (PCA Automobiles India Pvt Ltd),, the Indian affiliate of Citroen India, signed a Memorandum of Understanding with Kamarajar Port Ltd (KPL) to commence its export programme from India, the carmaker has begun shipping its cars to overseas markets as completely built units (CBUs). On March 31, 2023, the first batch of… Continue reading Citroen India exports first batch of C3s to ASEAN and Africa